ACCOUNTS - Final Accounts preparation

Registered number: 13664782

BEDA HORTON LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025


BEDA HORTON LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


BEDA HORTON LIMITED REGISTERED NUMBER:13664782

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2025

	2025	2024
Note	£	£


Current assets
Stocks	4	12,118,147	10,013,234
Debtors: amounts falling due within one year	5	458,331	40,817
Cash at bank and in hand		56,328	43,597
		12,632,806	10,097,648
Current liabilities
Creditors: amounts falling due within one year	6	(13,287,655)	(4,691,609)
Net current (liabilities)/assets		(654,849)	5,406,039
Creditors: amounts falling due after more than one year	7	-	(5,638,427)

Net liabilities		(654,849)	(232,388)

Capital and reserves
Called up share capital	8	40	40
Profit and loss account		(654,889)	(232,428)
		(654,849)	(232,388)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2026.

K Singh

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


BEDA HORTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Beda Horton Limited is a private company, limited by shares, registered in England and Wales. Its registered office and trading address is Cavendish House, 369 Burnt Oak Broadway, Edgware, HA8 5AW.

The principal activities of the Company are property investment and development for sale.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company reported a loss for the financial year of £422,461 (2024 - £217,062) and at 31 October 2025 had net liabilities of £654,849 (2024 - £232,388). The Company's principal asset at the year end was its development property, which was financed principally by loans secured on that property. After the reporting date, the Company completed the sale of its development property for £12.7m and used the proceeds to repay the loans disclosed in note 7 in full. The proceeds were not sufficient to eliminate the Company's net liabilities, and the director is currently considering opportunities for future activities.

The Company continues to be funded by the current 100% shareholder and connected companies under common control, who have confirmed they will continue to provide sufficient financial support to the Company to enable it to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the director has continued to adopt the going concern basis in preparing these financial statements.

2.3

Other operating income

Other operating income comprises rental income earned and insurance recharged, exclusive of Value Added Tax, from the activities related to the Company's main business operations but not directly arising from the principal activities.

Rent is recognised on a straight-line basis over the rental agreement. The share of insurance cost relating to the rental is recharged to tenants.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2


BEDA HORTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

Work in progress

Work in progress represents development property valued at the lower of cost and net realisable value. Cost for this purpose comprises the original purchase of land and buildings and development expenditure.

In considering the net realisable value of land and properties, it is assumed that developments will be completed and sold in the ordinary course of the Company's business and that they would not be placed on the market for immediate sale.

2.8

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

2.9

Creditors

Short-term creditors are measured at the transaction price.

3.	Employees
	The Company has no employees.

4.	Stocks
		2025	2024
		£	£

	Development property	12,118,147	10,013,234

Page 3


BEDA HORTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Debtors

					2025	2024
					£	£


Other debtors	403,119	40,817
Prepayments and accrued income	55,212	-
	458,331	40,817

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	8,605,000	-
Trade creditors	43,899	271,913
Other creditors	4,492,997	4,353,792
Accruals and deferred income	145,759	65,904
	13,287,655	4,691,609

The mortgage loans were secured by first legal charges over the Company's development property and assets, together with a personal guarantee from a shareholder of the Company.

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	5,638,427
	-	5,638,427

The bank loan was repaid in full during the year, following refinancing by way of the loan disclosed in note 6.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

40 (2024 - 40) Ordinary shares of £1 each	40	40

Page 4